Aéroports de Paris - 2019 Universal registration document

REAL ESTATE ASSETS AND FACILITIES 07

The group’s real-estate assets include airport infrastructures (roads, networks, etc.) and passenger terminals. They are detailed in Chapter 5, in the paragraph entitled “Description of Aéroports de Paris platforms”. The real estate assets of Aéroports de Paris also includes structures and buildings built on these lands or sometimes on lands that Aéroports de Paris is authorised to occupy under authorisations for temporary occupation of public property or private leases. In particular, Aéroports de Paris occupies 7 hectares belonging to the City of Paris for the operation of the Issy-les-Moulineaux heliport and two hectares of runway lights or noise measurement devices rented from private owners. Some buildings or structures built by third parties on lands that

Aéroports de Paris owns must be returned at the end of the agreement authorising the occupation of the land. Contracts entered into before the change of status of Aéroports de Paris have been transferred to Aéroports de Paris pursuant to article 4 of the law of 20 April 2005. At 31 December 2019, the net value of land and improvements (investment property included) totalled €103 million, buildings (investment property included) totalled €6,056 million and technical facilities and other (investment property included) amounted to €451 million and assets under construction (investment property included) totalled €1,359 million. Fixed assets and investment property are described in Note 6 to the consolidated financial statements.

7.2

RETROCESSION OF A PORTION OF GAINS THAT MAY BE MADE FROM THE CLOSING OF ALL OR PART OF AN AERODROME OPERATED BY AÉROPORTS DE PARIS TO PUBLIC AIR TRAFFIC

value of such buildings as indicated in the balance sheet assets at 31 December 2004 as approved by the General Meeting of Shareholders of Aéroports de Paris on 23 December 2005, plus costs related to their restoration and the closing of airport facilities. The assets that fall within the scope of this provision will then be determined by a committee of appraisers, who will also be asked to check that they have been valued correctly.

The agreement entered into on 30 March 2006 between the Government authorities and Aéroports de Paris pursuant to article 3 of the Law of 20 April 2005 provides that, for a 70-year period, in the event of the closing to public air traffic of all or part of an aerodrome operated by Aéroports de Paris, Aéroports de Paris will pay the government 70% of the difference between the effective market value of the buildings that are no longer assigned to airport public service, as well as the reference

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019